TruAmerica Multifamily Acquires Property In Brandon Florida With Buyer's Rep Francesco Carriera

The property involved in this transaction is Charleston Landings and Charleston Edge, a 372-apartment home community located in Brandon, FL. Completed in 1986, Charleston Landings comprises a mix of one- to three-bedroom apartments ranging from 503 to 1,162 square feet. Specifically, the second phase, built in 2016, offers one- and two-bedroom units ranging from 789 to 1,281 square feet. The property is strategically located about a mile from Interstate 75 and 15 minutes from downtown Tampa, with access to numerous employment hubs, shopping, restaurants, and local entertainment.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Address: 902 Regency Lakes Dr, Brandon, FL
• Market: Brandon
• Buyer: TruAmerica Multifamily
• Buyer’s Representative: Francesco "Frank" Carriera-CBRE
• Seller: Not disclosed
• Number of Apartments: 372
• Charleston Landings Completed: 1986
• Charleston Edge Completed: 2016

Francesco Carriera, Executive Vice President of CBRE Capital Markets in Tampa, brokered the transaction. The acquisition financing was arranged by CBRE's Capital Markets Team, which included Ryan Greer, Troy Tegeler, and Trevor Breaux. This acquisition represents TruAmerica’s 12th transaction in Florida's second largest market, contributing to their extensive portfolio, which includes approximately 59,000 units across various states.